Swedish stock prices fell during the week after renewed concern about the strength of recovery and profit-takings.

Stockholm and Europe's main stock markets took a hit during the week amid renewed concern about the strength of recovery from the worst global economic crisis in decades. Investors also took the opportunity of profit-takings after months of swelling prices.

“There hasn’t been any really negative news. The whole world agrees that things are improving. We still believe in increasing prices”, Martin Guri, equity strategist at Nordea, told The Swedish Wire.

At Fridays midday trading the OMX Stockholm 30 index was down 0.30 percent compared to the previous day after a decline of 2.25 percent during the week.

SEB and Swedbank fell Friday after lowered recommendations by Morgan Stanley while Nordea and Handelsbanken rose after good word by the investment bank.

Swedish compressor and machinery maker Atlas Copco dropped 3.5 percent Thursday after saying it would stick to a long-term margin target but repeating it saw flat global market demand in the near term. On Friday the stock bounced back.

Swedish export companies struck a cheerful tone Thursday as international demand for Swedish goods is expected to increase, especially from Asia. Also the OECD said that China and Asia are pulling the world out of an economic vortex with surprising speed – and that the eurozone has snapped out of recession sooner than expected.

However, Bill Gross, who runs the world’s biggest bond fund at Pacific Investment Management, said that the “systemic risk” of new asset bubbles is rising amid interest rates at record lows.

Also Dan Sten Olsson, chief executive officer and largest owner of the Swedish Stena sphere, warned Wednesday of a potential backlash at the Stockholm stock exchange as “production won’t speed up and unemployment will increase”.

Martin Guri said warnings about troubled times still can be seen as positive news as it pushes for policy makers to keep boosting financial stimuli.

U.S. Treasury Secretary Timothy Geithner said Tuesday that he will not “make the mistake of putting on the brakes too early or withdrawing support prematurely”.

“As stabilization and recovery take hold, our policy challenge will shift to catalyzing private demand and business investment. This will require continued policy support”, he said..

Since the turn of the year OMX Stockholm 30 is up 43.4 percent.

This article has been published at The Swedish Wire and Nasdaq OMX Nordic.